Resource and Investment NL (RNI)

Resource
and Investment NL was the best performing stock in the mining index last year. The gold, copper and silver explorer is yet to find anything, but punters have piled into the stock because its tenements lie just three kilometres from the rich DeGrussa gold and copper pit Sandfire Resources discovered in mid 2009 in Doolgunna, Western Australia. Shareholders in Resources and Investments have increased their investment 20 fold in the past 12 months. The company prepared to start drilling in November last year. In its quarterly activity report last month the company said it had identified several promising targets.